Mooring Buoy: Introduction Mooring buoy is a floating object in seas used as a location indicator or as a warning point for ships. They are generally bright in color with considerable weight compared to general buoys. This weight works as an anchor, holding the buoy on the surface of the water. A mooring buoy has chains or loops attached to its top which floats on the water. These chains help ships or boats to remain at the same place. The global mooring buoy market is anticipated to expand at a rapid pace during the forecast period, owing to increased demand for mooring buoys mainly in developing countries across Asia Pacific and Middle East & Africa. Key Drivers of the Global Mooring Buoy Market Increasing number of shipments across different regions and growing trade through the sea route are the major driving factors of the global mooring buoy market. Several developing countries are increasing their investment in development of sea ports to boost their tr...